{"id":573673,"date":"2024-09-06T08:22:21","date_gmt":"2024-09-06T08:22:21","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=573673"},"modified":"2024-09-06T08:22:21","modified_gmt":"2024-09-06T08:22:21","slug":"dogs-price-prediction-dogs-soars-7-as-this-olympic-themed-meme-coin-closes-on-500k-milestone","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/dogs-price-prediction-dogs-soars-7-as-this-olympic-themed-meme-coin-closes-on-500k-milestone","title":{"rendered":"DOGS Price Prediction: DOGS Soars 7% As This Olympic-Themed Meme Coin Closes On $500k Milestone"},"content":{"rendered":"

The DOGS price soared 7% in the past 24 hours<\/span> to trade at $0.001069<\/span><\/a> as of 00:29 a.m. EST on trading volume that skyrocketed 61% to $586 million.<\/span><\/p>\n

DOGS Price Prediction: DOGS Could Continue Soaring<\/b><\/h2>\n

The <\/span>DOGS price<\/span><\/a> has rebounded from its bearish trend, with the price movements forming a cup and handle pattern.<\/span><\/p>\n

The DOGS price bulls aim to capitalize on the pattern to stage a trend continuance above the tip of the cup and handle at $0.001101.<\/span><\/p>\n

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DOGSUSD Price Analysis (Source: <\/span>GeckoTerminal<\/span><\/a>)<\/span><\/p>\n

DOGS is now trading above the 50-day Simple Moving Average (SMA), which suggests that the price is now on a bullish momentum.<\/span><\/p>\n

Furthermore, the Relative Strength Index (RSI) is moving up, currently at 59, a signal that the buyers now have the upper hand, a confirmation of an uptrend.<\/span><\/p>\n

The Moving Average Convergence Divergence (MACD) also shows signs of a continued uptrend, as the MACD has now crossed above the neutral zone. Additionally, the blue MACD line has also crossed above the signal line (orange), which shows a bullish crossover and a likely bullish trend in the coming days.<\/span><\/p>\n

Moreover, the volume and the price diverge as the price moves down while the volume moves up, showing a strengthening momentum.<\/span><\/p>\n

If the positive momentum continues, the price of DOGS could soar, as the bulls target $0.001230.<\/span><\/p>\n

However, a bearish stance at this level could drive the DOGS price back to the 50-day SMA at $0.001039.<\/span><\/p>\n

As the DOGS price soars, a new Olympic-themed meme coin called <\/span>The Meme Games (MGMES)<\/span><\/a> is barreling towards $500k in funds raised in its presale.<\/span><\/p>\n

 According to 99Bitcoins, a popular crypto channel on YouTube with over 706K subscribers, MGMES could soar 100x after its launch.<\/span><\/p>\n